116, Elite Business Bay Residence
Sold prices and rental history: sold 3 times, last in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, Elite Business Bay Residence
What is 116 worth today?
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Source: Dubai Land Department. Updated 11 December 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 2,172 sqft
- Floor
- 1st of 23
- Parking
- B3-69, B2-72
- Developer
- Range 4 Developments
- Completed
- 2021
- Service charge
- AED 27,900 /yr
- Last sold
- AED 2.75M · December 2023
- Building
- Elite Business Bay Residence
About 116, Elite Business Bay Residence
116 is a four-bedroom apartment of 2,172 sqft on the 1st floor of Elite Business Bay Residence, a 23-storey tower in Business Bay completed in 2021 by Range 4 Developments. It last sold on 11 December 2023 for AED 2,752,460, or AED 1,267 per sqft, in line with the AED 1,267 four-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 116 over time
116 has sold 3 times; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Elite Business Bay Residence, and where 116 sits
All 46 4-beds →116 last sold in December 2023 at AED 1,267 per sqft, in line with what four-beds in Elite Business Bay Residence were fetching at the time (AED 1,267). Over the last 12 months four-beds sold for AED 2,647,500 to 2,755,000, around AED 1,220 per sqft, and rent for AED 150,000 to 200,000 a year.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Sep 202622 September 2026 | 2,168 sqft | 2,647,500 | 1,220 | ||
| 22 Sep 202622 September 2026 | 2,189 sqft | 2,667,000 | 1,218 | ||
| 22 Sep 202622 September 2026 | 2,189 sqft | 2,658,000 | 1,214 | ||
| 22 Sep 202622 September 2026 | 2,168 sqft | 2,661,200 | 1,227 |
Elite Business Bay Residence
Building524 apartments, studios to 4-bed over 23 floors in Business Bay, completed in 2021 by Range 4 Developments. 47 sold in the last 12 months.
- Typical price per sqft
- AED 1,388 Down 2.1%
- Typical sale
- AED 795K
- Typical rent
- AED 61K /yr
- Typical yield
- 7.5%
Other units on the 1st floor
All 524 units in Elite Business Bay Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | Studio | 494 sqft | AED 650KAED 650,000 · Jan 2023January 2023 | 50,000 /yr | |
| 102 | Studio | 480 sqft | AED 535KAED 534,750 · Nov 2020November 2020 | ||
| 103 | Studio | 480 sqft | AED 788KAED 787,500 · Aug 2026August 2026 | 55,000 /yr | |
| 104 | Studio | 506 sqft | AED 765KAED 765,000 · Sep 2024September 2024 | 53,000 /yr | |
| 105 | Studio | 489 sqft | AED 624KAED 624,000 · Jan 2018January 2018 | 55,000 /yr | |
| 106 | Studio | 501 sqft | AED 550KAED 550,000 · Jun 2021June 2021 | 45,000 /yr | |
| 107 | 2-bed | 1,343 sqft | AED 1.72MAED 1,715,284 · Dec 2023December 2023 | ||
| 108 | Studio | 401 sqft | AED 600KAED 600,000 · Mar 2021March 2021 | 62,000 /yr | |
| 109 | 2-bed | 1,309 sqft | AED 1.66MAED 1,664,071 · Dec 2023December 2023 | ||
| 110 | 1-bed | 815 sqft | AED 1.12MAED 1,118,647 · Dec 2023December 2023 | ||
| 111 | 1-bed | 427 sqft | AED 491KAED 491,000 · Nov 2023November 2023 | 115,000 /yr | |
| 112 | 1-bed | 934 sqft | AED 1.13MAED 1,130,000 · Jan 2026January 2026 | 81,000 /yr | |
| 113 | 1-bed | 933 sqft | AED 785KAED 785,000 · May 2021May 2021 | 80,000 /yr | |
| 114 | 1-bed | 907 sqft | AED 1.26MAED 1,260,000 · May 2026May 2026 | 60,000 /yr | |
| 115 | Studio | 605 sqft | AED 550KAED 550,000 · Jul 2021July 2021 | 56,000 /yr | |
| 117 | Studio | 492 sqft | AED 515KAED 515,000 · May 2021May 2021 | 70,000 /yr | |
| 118 | 4-bed | 2,191 sqft | AED 2.76MAED 2,755,000 · Jun 2026June 2026 | ||
| 119 | Studio | 506 sqft | AED 500KAED 500,000 · Feb 2021February 2021 | 65,000 /yr | |
| 120 | Studio | 252 sqft | AED 575KAED 575,000 · Nov 2020November 2020 | 59,839 /yr | |
| 121 | Studio | 238 sqft | AED 575KAED 575,000 · Nov 2020November 2020 | 58,000 /yr | |
| 122 | Studio | 478 sqft | AED 500KAED 500,000 · Apr 2021April 2021 | 50,000 /yr | |
| 123 | Studio | 247 sqft | AED 575KAED 575,000 · Dec 2020December 2020 | 50,000 /yr |
116, Elite Business Bay Residence in numbers
- Sold 3 times: first on 14 February 2021 for AED 1,340,793, last on 11 December 2023 for AED 2,752,460 (AED 1,267 per sqft).
- Four-beds in Elite Business Bay Residence sold for AED 2,647,500–2,755,000 in the 12 months to November 2026; the building's median across all types is AED 1,388 per sqft.
Source: Dubai Land Department. Updated 11 December 2023.
Questions about 116, Elite Business Bay Residence
What did unit 116 last sell for?
AED 2,752,460 on 11 December 2023: AED 1,267 per sqft for 2,172 sqft. The unit has 3 registered sales; the first was AED 1,340,793 in February 2021.
How big is unit 116?
2,172 sqft (201.8 sqm): a four-bedroom apartment on the 1st floor of a 23-storey tower completed in 2021.
What is unit 116 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Elite Business Bay Residence sold for AED 2,647,500 to 2,755,000 in the last 12 months, around AED 1,220 per sqft.
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Mortgage on 116, Elite Business Bay Residence
Starts from the last sale price (AED 2.75M, 11 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,752,460
- Deposit, UAE resident (20%)
- AED 550,492
- Deposit, non-resident (40%)
- AED 1,100,984
- Monthly over 25 years at 3.7%
- AED 11,261
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →